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The Laws of Auto Insurance in NY for Rental Cars and Collision Cases

New York auto insurance laws are assembled to cover all the expected scenarios of mishap and accidents in the auto history of any person residing within the state. Among the different clauses of law for auto insurance lays the collision damage and rental vehicle security laws. According to it, the law prohibits a rental car company from selling Collision Damage Waivers in states on rent for 30 days or less. The rental company in any case is not liable to charge renters for loss more than $100. The recent changes in the vehicle insurance law permit the renter to purchase a Collision Damage Waivers; this allows them to get the vehicle protection and with the vehicle Renter Company to charge its renters for any damage, small or large done to the rented vehicles.

This helps them in compensating the loss of damage done to the vehicle.

a.            Whenever a vehicle encounters any collision or damage by the renter, it is the duty of renter/insured to provide the collision coverage for the repairs needed for that specific place. The insurance company will not in any case pay for the damage.

b.            In a process where the insured request the insurer for the repair that solely involves damages other than window breakage etc., the insurer can provide the coverage in particular place.

It is the duty of insurer to provide you with all the needed information of insurance policy, coverage criteria, premium, and etc. Rental vehicle coverage depends on the number of vehicles insured. If you have six vehicles under one rental policy, you will not get the coverage for all of them. It is applicable for policies that have less than five automobiles insured with it. If the liability coverage has $10,000 limit and the damage to your vehicle has exceeded this, in such case you will not be able to get the coverage.
If you have New York State motor vehicle liability policy; vehicle coverage cannot be availed through credit card insurance policy. If you do not have NYS liability policy, then you can benefit from the insurance policy provided with the credit card if you have rented the automobile through it. This you can check from the summary of the benefits that are given with the credit card.

The vehicle rental company offers collision damage waivers to the renters. This provides them with daily rates of $9 to $12, depending on the type of vehicle. The company must also guide renters about the insurance policy and the credit card insurance through which the renters can avail vehicle coverage policy in case of damage or collision.

In addition, rental vehicle coverage should not be confused with rental reimbursement/ transportation reimbursement/ extended transportation coverage. Rental reimbursement is optional coverage policy that provides coverage in case your own vehicle is damaged until it is repaired. It is also provided in case of theft or other major loss.

If you want to compare the quotes from different companies for auto insurance in New York, the assistance box is present at the top end of the website. Enter your ZIP and get the different quotes for free.